Currys Share Discussion Threads

[jondev] 02/3/2016 12:33

There are a few legacy pcworlds and currys still in the estate but many are merging into 1 store this year.

[tim 3] 02/3/2016 11:48

One of the Currys closing down near us in a poor position all staff relocated locally

[mikepompeyfan] 29/1/2016 11:52

A bit of short term pain for long term gain.

At the moment though the stock market is all about the short term unfortunately.

[gerdmuller] 29/1/2016 11:45

Stores to be closed. Looks like something they should have done in the past as stores do often duplicate each other. And if they can do it with minimal changes in employees then so much the better as they will still save on the properties.


dcdisposals.completelyretail.co.uk/holding

[donsan] 28/1/2016 11:58

I see in todays Times that a US hedge fund has built a .71% short in Dixons over the last few weeks,

el Don

[ravin146] 27/1/2016 19:07

Hi been away from here for a while, DC merger is going well it seems looking at recent results. Gl holders.Quick question is the "kiqplan" product in dc' range considering wearables are doing well in sales along with apple, jawbone and fitbits ...kiqplan https://m.youtube.com/watch?v=URP6ZG8lJSk

[market sniper3] 27/1/2016 14:04

Dixons Carphone DC. Investec Buy 463.90 456.50 510.00 510.00 Upgrades
Dixons Carphone DC. Numis Add 463.90 456.50 525.00 525.00 Reiterates
Dixons Carphone DC. Beaufort Securities Buy 463.90 456.50 - - Reiterates
Dixons Carphone DC. Citigroup Buy 463.90 456.50 560.00 560.00 Reiterates

[market sniper3] 27/1/2016 13:58

Dixons Carphone's improvements prompt Investec upgrade
Wed 27 January 2016 10:30


(ShareCast News) - Investec has upgraded Dixons Carphone from 'add' to 'buy' as the company's core businesses improve and gain market share.

Register for Dixons Carphone plc share research updates
The investment bank on Wednesday said that should drive medium term profit growth despite continued softness in the Nordics.

"Ongoing self-help and market share gains characterise the near-term story at a time when DC faces a slower electricals market," it said.

"Significant downsizing of its portfolio will help strengthen the underlying proposition & UK margins in our view (INVe: +25bps)."

Investec said the company's valuation doesn't reflect the attractive investment case given.

"1) EPS growth from ongoing restructuring & market share gains (INVe: 12% EPS CAGR CY15-17e vs. 9% for the sector); 2) better visibility on CWS' growth, scale and contribution to group profits; and 3) attention turning to uses of cash as FCF generation should improve markedly in FY18e."

Shares in Dixons Carphone were up 3.2p (0.70%) at 1101 GMT to 459.7p.

[muscletrade] 27/1/2016 13:52

gerd, perhaps more important than the buy and add reiterations you mention is an upgrade to buy from investec this morning...which has been a long time coming, but better late then never.

[gerdmuller] 27/1/2016 10:21

Well brokers are still positive with 3 buys and one add and an under review since the statement yesterday as far as I can see.

When you look at what has gone on in all sorts of asset pricing in the past few weeks it really does make you wonder if some of the short term 'professional' traders that seem to dominate markets really do have a clue what they are doing.

Of course they all say thay make money don't they!!! And all of them will say they make above average returns. Which does make sense of course.

But these still look ok to me for what it's worth.

[tim 3] 26/1/2016 18:49

Good points muscletrade

I also think Seb rightly prefers to be cautious and not let the shares get carried away.

Its a lot of closers though equivalent to about 2 per city.

[kemche] 26/1/2016 16:25

Oh my aching sides!

[market sniper3] 26/1/2016 16:20

Could be this rumour of a pro shorting gang following CRs tips is correct.

[muscletrade] 26/1/2016 16:09

it is a difficult task trying to decide why the market reacts the way it does at the best of times...fwi i think todays move has to be considered in the context of strong price move up in the last few trading days when overall market conditions are very poor indeed.also think that there was a belief that dc might blow the doors off. the results were good and solid but did not blow the doors off.... hence a bit of disappointment and, or profit taking.
i am also bit mystified why they chose a xmas trading update to announce the store changes. this has stolen the thunder of solid results. all the press are leading with store closures not good results.
there is also a little execution risk associated with all those store changes.these store changes are actually positive but should have been advised to the market at an investor day in my view. not today.
having said all that still long here.

[flyposter] 26/1/2016 13:50

tim 3 could it be the news today that DC are to close 134 stores?

[tim 3] 26/1/2016 13:41

hmmmm must be something they dont like.

[mikepompeyfan] 26/1/2016 08:39

Certainly no worries about the future here. Full steam ahead.

[tim 3] 26/1/2016 08:14

Yes pretty much at the top of expectations and no "nasties" but being pulled down by the market would probably see a nice rise overwise.

[muscletrade] 26/1/2016 07:18

good solid update and excellent news re the rollout of 500 sprint stores which will have very real impact on future earnings
and share price

[chestnuts] 25/1/2016 11:41

As any one got the ceo email address as i am having problems with a product of currys and get no service from customer services.

many thanks

[mikepompeyfan] 25/1/2016 11:27

Update tomorrow should be interesting. Price has rebounded nicely following the general market turmoil which dragged us down too.

[muscletrade] 11/1/2016 08:17

tim3


26th jan as per advice from laughter.